Temasek’s Fullerton Financial Holdings (FFH) is making a significant move in India by acquiring a controlling stake in Lendingkart, a digital lending platform focused on small and medium enterprises (SMEs). Here’s a closer look at the deal and its implications.
What’s Happening?
Fullerton Financial is set to invest ₹252 crore (approximately $30 million) in Lendingkart, pending regulatory…
Daniel Lubetzky, the visionary behind KIND, turned a childhood of magic shows and lawn-mowing into a $5 billion snack company. Here’s his inspiring journey and what he looks for as a new judge on ‘Shark Tank.’
A Humble Beginning
Daniel grew up in Mexico City, where his father, a Holocaust survivor with a third-grade education, inspired him with tales of resilience. After moving to San…
India’s largest group of retail distributors is urging the antitrust authority to investigate three popular quick commerce companies—Zomato’s Blinkit, Swiggy, and Zepto. They are concerned about these companies’ alleged predatory pricing practices, which they say threaten traditional retailers.
Quick commerce is taking India by storm, with businesses promising delivery of everything from…
In the rapidly evolving landscape of education, artificial intelligence (AI) is not just a buzzword—it’s a game-changer. With the global AI in education market projected to skyrocket from $1.8 billion in 2021 to astronomical heights by 2030, the impact of AI in classrooms worldwide is undeniable. But is AI here to replace teachers or to empower them? Let’s explore how AI is enhancing…
The Karnataka government is set to impose a new transaction fee on popular aggregator platforms like Zomato, Swiggy, Uber, and others. This move aims to support the welfare of gig workers in the state.
What You Need to Know About the New Fee
Karnataka’s Labour Minister, Santosh Lad, announced that a small cess—ranging from 1% to 2%—will be charged on every transaction made through these…
Mira Murati, the former chief technology officer at OpenAI, is gearing up to launch her own AI startup and is currently in discussions with venture capitalists to secure funding, sources reveal. With a reputation as a leading figure in artificial intelligence, Murati’s new venture aims to develop innovative AI products based on proprietary models.
While it remains uncertain if she will take the…
Growing up in Virginia, Dr Sean O’Mara always had a desire to help people. He first served as a police officer before graduating from Penn State University, where he graduated with high honors. Later, he obtained a law degree from Villanova University School of Law. After graduating with his law degree, he became a criminal prosecutor for the city of Philadelphia.
Following his passion for…
Interns on Wall Street are striking it rich, and one trading firm, Jane Street Capital, is leading the way with its jaw-dropping internship salaries. Imagine earning $250,000 a year—yes, you read that right—just for being an intern! Let’s dive into what this means for students and recent grads.
What’s the Catch?
Jane Street is not just any trading firm; it’s booming! The company is on…
In a candid revelation, Byju Raveendran, the founder of the once-mighty edtech company Byju’s, admitted that his startup, once valued at a staggering $22 billion, is now effectively worth “zero.” Speaking to reporters on Thursday, Raveendran took responsibility for the company’s decline, acknowledging a series of missteps that led to its current state.
Raveendran’s aggressive strategy to…
Entrepreneurship is more than just starting a business; it’s a powerful engine driving economic growth and social change. In 2024, understanding the significance of entrepreneurship is essential for individuals and communities seeking to thrive in a competitive landscape. This article delves deep into how entrepreneurship fosters economic development, raises living standards, creates job…
